Exchequer returns - Too dependent

A PRETTY simple analysis of yesterday’s Exchequer data can only add to the growing feeling many of the election promises are now unaffordable. Income tax and VAT figures did not reach target figures in March but another surge in corporate tax payments brought the overall monthly return ahead of target. New figures also point to health overspending in March.

Two of the central truths of our economy are reiterated — we are very dependent, possibly too dependent, on international corporations and runaway health costs will more than likely consume any increase in taxes gathered.

This should encourage us to support local industries and reform our health service — but we’ve known that for decades but we’re still caught in this cleft stick.

And all the while, our two main political parties, who must co-operate in some way if we are to have stable government, dance around the Leinster House maypole, wrestling with their consciences about what is best for the country. That which once was laughable is becoming ever more tragic.

More on this topic

Exchequer returns show spending up for first quarter of 2019Exchequer returns show spending up for first quarter of 2019

Government record €823m deficit to end of JuneGovernment record €823m deficit to end of June

First three-month surplus (of almost €200m) since the financial crisisFirst three-month surplus (of almost €200m) since the financial crisis

H1 tax take 1% ahead of targetH1 tax take 1% ahead of target


Lifestyle

A parent coach says parents are often the best judge of how to care for their baby – and explains how they can learn to have faith in their intuition.Ask an expert: How can I know what’s best for my baby?

We take a trip down memory lane and check out what happened on this day in years gone by by looking back at some Irish Examiner front pages and highlighting other events which went down in history across the world.August 23, 2019: A look back at what happened on this day in years gone by

RP O’Donnell says it is hard to find anywhere better than Boston to show your family a great time as he returns to a city he used to call homeA family friendly holiday guide to get the best out of beautiful Boston

Leslie Williams sampled the seafood at Cavistons in Dublin.Restaurant Review: Cavistons - Charming staff, the freshest fish, solid cooking

More From The Irish Examiner